Intelligent tires are a brand-new concept that uses a small sensor to provide you with useful details about your tire, such as traction, tread wear, temperature, and load. The data from these sensors can be used to help optimize your vehicle's performance. Intelligent tires are the way of the future, as major car producers have promised, resulting in lower CO2 emissions in the coming decade. Additionally, making fuel-efficient tires is of great benefit to passenger cars and the general public in order to help drivers save money on gas each year. The global increase in the use of connected cars is the primary driver of the global automotive intelligent tires industry. Such automobiles are equipped with internet connectivity and wireless services that allow the vehicle to connect to remote-access services and networks.
MARKET DYNAMICS
The growing use of connected cars and escalating usage of battery less sensors for such intelligent tires are driving the growth of the Automotive intelligent tires market. However, the less awareness in developing countries may restrain the growth of the Automotive intelligent tires market. Furthermore, more advancement in terms of material used and sensors used is anticipated to create market opportunities for the Automotive intelligent tires market during the forecast period.
MARKET SCOPE
The "Global Automotive Intelligent Tires Market Analysis to 2028" is a specialized and in-depth study of the Automotive intelligent tires market with a special focus on the global market trend analysis. The report aims to provide an overview of Automotive intelligent tires market with detailed market segmented by type, vehicle type, electric vehicle, and geography. The global Automotive intelligent tires market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Automotive intelligent tires market players and offers key trends and opportunities in the Automotive intelligent tires market.
MARKET SEGMENTATION
The global automotive intelligent tires market is segmented on the basis of type, vehicle type, and electric vehicle. On the basis of type, the market is segmented as inflatable tires and solid tires. Further, based on vehicle type, market is segmented into passenger cars and commercial vehicles. Similarly, based on electric vehicle, market is segmented into the BEV, HEV, FCEV and PHEV.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Automotive intelligent tires market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Automotive intelligent tires market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Automotive intelligent tires market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Automotive intelligent tires market in these regions.
MARKET PLAYERS
The reports cover key developments in the Automotive intelligent tires market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Automotive intelligent tires market are anticipated to lucrative growth opportunities in the future with the rising demand for Automotive intelligent tires. Below mentioned is the list of few companies engaged in the Automotive intelligent tires market.
The report also includes the profiles of key Automotive intelligent tires market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Bridgestone Corporation
- Continental AG
- Goodyear Tire and Rubber Company
- Hankook Tire and Technology Co., Ltd.
- Michelin
- Nokian Tyres plc.
- Pirelli and C. S.p.A
- Sumitomo Rubber Industries, Ltd.
- THE YOKOHAMA RUBBER CO., LTD.
- Toyo Tire Corporation
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